Commercial Real Estate Market in Colby, KS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Colby, KS spans 450.1 square miles in Thomas County, Kansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Colby, KS runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Colby, KS runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Colby, KS runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Colby, KS runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 54.4%
- Commercial 23.1%
- Industrial 22.6%
Largest Zones share of zoned land by district
Single Family Dwelling District
Light Industrial District
Neighborhood Commercial District
Multiple Family Dwelling District
Commercial District
Colby, KS zones 2,422 acres across 8 districts. Commercial zoning covers 23.1% of zoned land, residential 54.4% and industrial 22.6%. The largest single district is Single Family Dwelling District at 47.2%. For commercial buyers the practical constraint is that only 45.7% of land carries a commercial or industrial designation.
Single Family Dwelling District (R-1)
The intent of this zone is to promote single-family dwelling district uses
Market overview
Demographics & Economy
Colby, KS has 6,561 residents in 2,829 households. Density runs 15 people per square mile. Median household income here is $72,188 and median gross rent $751 a month.
6,561
Population
2,829
Households
2.3
Avg Household Size
36
Median Age
32%
College-Educated
93%
High-School Grad
450.1 sq mi
ZIP Area
15
Density / Sq Mi
$72,188
Median Household Income
$34,683
Median Earnings
$751
Median Rent
$166,600
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Colby?
Colby, KS zones 2,422 acres across 8 districts, of which 23.1% is commercial and 22.6% industrial. The largest single district is Single Family Dwelling District at 47.2% of zoned land. The intent of this zone is to promote single-family dwelling district uses Residential zoning covers 54.4% and open space 0%.
Methodology & data sources
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,422 zoned acres across 8 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
